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It’s been a year since NFTs made their way into popular culture. As a result, we’ve created this fantastic video highlighting the NFT highlights for 2021. We’ve compiled all of the information about NFT, including what it is and why it is so popular, how it works, and how it differs from other cryptocurrencies, for those who haven’t quite worked it out during the last 12 months.
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What is NFT? – Non Fungible Token
NFTs turn your digital assets into “one of a kind” by creating a unique digital signature that defines the ownership of your assets and that can be bought and sold for real money, cryptocurrency, or any other asset like a “non-fungible token” aka NFT. non-fungible tokens mean that they are not interchangeable and each of them represents unique assets owned by a specific person. On the other hand, fungible tokens are interchangeable and can be divided into smaller units to form the same value.
NFT basically creates a blockchain-based digital certificate for your digital collectibles, including games, music, art, and many more. This certificate gives your artwork a unique identity. The Underlying technology and the programming language used by NFTs are the same as other cryptocurrencies ie. Blockchain and the programming language Ethash or Scrypt. Bitcoin and Ethereum are fungible tokens which means If you trade Bitcoin or Ethereum for one another, you will have the same value or item in return basically money.
To know about cryptocurrency and Blockchain, visit: https://www.simplilearn.com/blockchain-certification-training-course?utm_campaign=NFT101&utm_medium=Description&utm_source=youtube
About Simplilearn Blockchain Certification Training:
Simplilearn’s Blockchain Certification Training has been designed for developers who want to decipher the global craze surrounding Blockchain, Bitcoin, and cryptocurrencies. You’ll learn the core structure and technical mechanisms of Bitcoin, Ethereum, Hyperledger, and Multichain Blockchain platforms, use the latest tools to build Blockchain applications, set up your own private Blockchain, deploy smart contracts on Ethereum and gain practical experience with real-world projects.
Why learn Blockchain?
Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology which is used by a global network of the computer to manage Bitcoin transactions easily. Many new business applications will result in the usage of Blockchain such as Crowdfunding, smart contracts, supply chain auditing, Internet of Things(IoT), etc.
After completing this course, you will be able to:
1. Apply Bitcoin and Blockchain concepts in business situations
2. Build compelling Blockchain applications using the Ethereum Blockchain
3. Design, test and deploy secure Smart Contracts
4. Use the latest version of Ethereum development tools (Web3 v1.0)
5. Develop Hyperledger Blockchain applications using Composer Framework
6. Model the Blockchain applications using Composer modeling language
7. Develop front-end (client) applications using Composer API
8. Leverage Composer REST Server to design a web-based Blockchain solution
9. Design Hyperledger Fabric Composer Business Network 10.
10. Understand the true purpose and capabilities of Ethereum and Solidity
11. See practical examples of Blockchain and mining
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